Bas Returns & Lodgement
As a business owner, you know that it is important to stay compliant with the Australian Taxation Office (ATO). One of the most important things you need to do is to complete your BAS returns and GST returns on time.
A BAS return is a document that you submit to the ATO to report your business’s income, expenses, and GST. You need to submit a BAS return every quarter, or every month if your business’s turnover is more than $20 million.
GST is a tax that is applied to most goods and services sold in Australia. If your business sells goods or services that are subject to GST, you need to collect GST from your customers and remit it to the ATO.
There are a few things you need to do to complete your BAS returns and GST returns accurately and on time:
- Keep accurate records of your business’s income and expenses.
- Use the correct BAS form.
- Calculate your GST correctly.
- Lodge your BAS returns on time.
If you need help with completing your BAS returns and GST returns, please contact us today. We would be happy to help you get started.